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Highly Profitable Restaurant in Coastal Paradise

$599,000

Terrigal, New South Wales

Highly Profitable Restaurant in Coastal Paradise

About the Business
Price $599,000 Inclusive of SAV
Annual Turnover $1.7M+
Adjusted Annual Profits $241,000 +
Weekly Adjusted Profits $4,635 +
Monthly Rental $9,210
Outgoings (Approx $8,423 PA)
Lease Term - Long Term Negotiable
Can Be Run Under Management

Popular Location, Financial Peace of Mind

If location and financial security are important to you, then look no further. Situated in a buzzing coastal suburb on the Central Coast. This business has consistently strong trading figures 12 months of the year. It has established regular and repeat customers over its six years of operation. This location and its neighbouring suburbs are renowned tourist destinations, known for breathtaking views and beautiful beaches.

A professionally run business with an enviable reputation, all set in a modern and friendly dining atmosphere. A diverse menu with Italian & Spanish influences.

This business is fully licenced with a PSA Licence, offering an extensive range of beverages, including craft beer, wine & cocktails.

Current staff include:

• 6 Full-Time (Head Chef, 2 Apprentice Chefs, 3 qualified Chef's and Front of House Manager).
• 12 Casual staff to cover Table-Waiting, Bartending and Kitchen Duties.

The experienced, friendly and professional staff are fully trained.

The business would suit someone looking for a sea change, a competing business looking at expansion or an investor seeking a business that can be run under management.

Please contact Dani Rifai for more information (Licence Number 10064471).

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Last updated: 17th September 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Terrigal
State
 New South Wales
Price
$599,000
Category
  • Restaurant
  • Takeaway Food

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Contact

Dani Rifai